Ubi View Industrial Building Sale 21 Mil
A high-quality industrial building located at 4 Ubi View in the bustling Paya Lebar-Ubi industrial area is now on the market for sale through an expression of interest (EOI) exercise, according to Brilliance Capital, the sole marketing agent for the property. The five-storey building sits on a land area of approximately 22,321 sq ft and has a total gross floor area of around 44,775 sq ft.
This private leasehold property is not under JTC and is zoned under “Business 1” with a plot ratio of 2.0. It has a remaining lease of 34 years with a 60-year lease from January 1999. As it is not a residential property, both foreigners and companies are eligible to purchase without having to pay additional buyer’s or seller’s stamp duty.
One of the major advantages of this property is its accessibility, with easy access to major expressways like the PIE and CTE. It is also conveniently located within walking distance to the Ubi MRT Station on the Downtown Line.
Furthermore, as it is a private leasehold property, there is no land rent to be paid, making it a cost-effective and long-term investment for potential buyers, explains Sammi Lim, founder and executive director of Brilliance Capital.
According to Mark Tan, associate director of Brilliance Capital, the high specifications and ceiling heights of up to 6.4m make this building an ideal choice for businesses that require sturdy infrastructure. Additionally, buyers will also have the opportunity to have naming and signage rights, which will enhance their visibility in this prime industrial area.
The EOI for this property will close on November 8 at 3pm.
The Tengah area will see significant enhancements as part of the URA Master Plan, including the provision of a wide range of amenities to serve the needs of its residents. These amenities will encompass shopping complexes, educational institutions, healthcare centers, and community centers. At Novo Place EC, residents will have convenient access to everything they need, from daily essentials to recreational activities. The inclusion of state-of-the-art schools within the town ensures that families living in Novo Place EC can provide their children with top-notch education. Don’t miss out on the chance to visit Novo Place Showflat and experience the convenience and comfort of this bustling community.